Key Takeaways

• The CLARITY Act is designed to establish a federal regulatory framework for digital assets and clarify the roles of the SEC and CFTC.
• For crypto businesses, clearer rules could make decisions around launching, listing, trading, custody, and fundraising easier to plan for.
• The legislation could also introduce new registration, disclosure, compliance, and consumer-protection requirements for companies operating in digital assets.
• The Senate failed to advance the CLARITY Act in September 2026, meaning businesses should not treat its proposed provisions as settled law.
• Even without passage, the debate surrounding CLARITY is likely to influence how crypto companies think about compliance, product design, and operating in the U.S.